📉 Cryptocurrency Price Analysis 12-23: Bitcoin, Ethereum, Dogecoin, Ripple

📉 Bitcoin (BTC) Price Analysis

Bitcoin fell below $96,000 over the weekend, dropping to an intraday low of $92,072 on Friday.

After reaching a high of $112,000, the price has experienced volatility and is currently around $90,538. Key technical levels show resistance at $100,000 and support at $91,000 and $85,000. If it breaks through $100,000, Bitcoin may regain its highs, but if it fails to hold $91,000, it could retrace to $85,000. Despite Bitcoin's sharp decline, analysts are confident in a recovery, with some believing Bitcoin could surpass $150,000 by 2025.

📉 Ethereum (ETH) Price Analysis

Ethereum recently fell below $3,500, hitting an intraday low of $3,096 on Friday.

Ethereum recently touched a high of $2,600, and is currently priced around $2,535.82. Immediate resistance is at $2,600, with support at $2,500 and $2,400. If the closing price is above $2,600, Ethereum may rebound to $2,800 or higher, but if it drops below $2,500, it may retest $2,300. Buyers will seek to build momentum and push ETH above the 50-day moving average.

📉 Dogecoin (DOGE) Price Analysis

Bearish sentiment for Dogecoin has intensified, breaking below the 50-day moving average and key support levels.

After reaching a high of $0.3400, Dogecoin has seen a significant pullback, currently priced around $0.312790. Immediate resistance is at $0.3250, with support at $0.3050 and $0.2900. If it breaks through $0.3250, DOGE may test $0.3400 or higher, but if it drops below $0.3050, it could fall further. DOGE has dropped nearly 21% over the past week.

📉 Ripple (XRP) Price Analysis

Ripple has been declining since reaching an intraday high of $2.72 on Tuesday, entering a consolidation phase after hitting a high of $2.2929, with the current price around $2.2188. Immediate resistance is at $2.2929, with support at $2.1773 and $2.00. If it breaks through $2.30, XRP may create new highs, but if it falls below $2.18, it could push toward $2.00. The current trading price is $2.17.